Cost of Living Comparison Between New York, NY and Toronto 

Indices DifferenceInfo
Consumer Prices in Toronto are 26.9% lower than in New York, NY (without rent)
Consumer Prices Including Rent in Toronto are 38.3% lower than in New York, NY
Rent Prices in Toronto are 50.6% lower than in New York, NY
Restaurant Prices in Toronto are 26.3% lower than in New York, NY
Groceries Prices in Toronto are 31.8% lower than in New York, NY
Local Purchasing Power in Toronto is 18.0% lower than in New York, NY
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
New York, NY Edit Toronto Edit Difference
Meal, Inexpensive Restaurant 25.00 $
(33.54 C$)
16.40 $
(22.00 C$)
     -34.4 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 $
(134.16 C$)
83.86 $
(112.50 C$)
     -16.1 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(16.10 C$)
9.69 $
(13.00 C$)
     -19.2 %
Domestic Beer (1 pint draught) 8.00 $
(10.73 C$)
5.96 $
(8.00 C$)
     -25.5 %
Imported Beer (12 oz small bottle) 10.00 $
(13.42 C$)
6.37 $
(8.54 C$)
     -36.3 %
Cappuccino (regular) 5.39 $
(7.23 C$)
3.74 $
(5.02 C$)
     -30.5 %
Coke/Pepsi (12 oz small bottle) 2.70 $
(3.62 C$)
2.03 $
(2.73 C$)
     -24.6 %
Water (12 oz small bottle) 2.19 $
(2.93 C$)
1.57 $
(2.11 C$)
     -28.2 %
Markets
New York, NY Edit Toronto Edit
Milk (regular), (1 gallon) 5.09 $
(6.82 C$)
10.82 $
(14.52 C$)
     +112.8 %
Loaf of Fresh White Bread (1 lb) 3.90 $
(5.24 C$)
2.34 $
(3.14 C$)
     -40.0 %
Rice (white), (1 lb) 3.69 $
(4.95 C$)
1.42 $
(1.90 C$)
     -61.6 %
Eggs (regular) (12) 5.34 $
(7.17 C$)
3.35 $
(4.50 C$)
     -37.2 %
Local Cheese (1 lb) 8.23 $
(11.04 C$)
5.01 $
(6.72 C$)
     -39.1 %
Chicken Fillets (1 lb) 7.40 $
(9.93 C$)
5.39 $
(7.23 C$)
     -27.2 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.16 $
(12.30 C$)
6.21 $
(8.33 C$)
     -32.2 %
Apples (1 lb) 2.81 $
(3.77 C$)
1.67 $
(2.24 C$)
     -40.6 %
Banana (1 lb) 1.02 $
(1.36 C$)
0.57 $
(0.76 C$)
     -44.1 %
Oranges (1 lb) 2.49 $
(3.34 C$)
1.68 $
(2.26 C$)
     -32.4 %
Tomato (1 lb) 2.88 $
(3.87 C$)
1.69 $
(2.27 C$)
     -41.3 %
Potato (1 lb) 1.80 $
(2.42 C$)
1.11 $
(1.48 C$)
     -38.6 %
Onion (1 lb) 1.74 $
(2.33 C$)
1.18 $
(1.58 C$)
     -32.2 %
Lettuce (1 head) 2.80 $
(3.75 C$)
2.43 $
(3.26 C$)
     -13.1 %
Water (1.5 liter bottle) 2.48 $
(3.33 C$)
1.79 $
(2.40 C$)
     -28.0 %
Bottle of Wine (Mid-Range) 18.00 $
(24.15 C$)
12.86 $
(17.25 C$)
     -28.6 %
Domestic Beer (0.5 liter bottle) 3.10 $
(4.16 C$)
2.37 $
(3.18 C$)
     -23.6 %
Imported Beer (12 oz small bottle) 3.86 $
(5.18 C$)
2.63 $
(3.53 C$)
     -31.9 %
Cigarettes 20 Pack (Marlboro) 16.00 $
(21.47 C$)
13.38 $
(17.95 C$)
     -16.4 %
Transportation
New York, NY Edit Toronto Edit
One-way Ticket (Local Transport) 2.75 $
(3.69 C$)
2.46 $
(3.30 C$)
     -10.6 %
Monthly Pass (Regular Price) 129.00 $
(173.06 C$)
116.28 $
(156.00 C$)
     -9.9 %
Taxi Start (Normal Tariff) 4.50 $
(6.04 C$)
3.33 $
(4.47 C$)
     -26.0 %
Taxi 1 mile (Normal Tariff) 3.00 $
(4.02 C$)
2.10 $
(2.82 C$)
     -30.0 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(40.25 C$)
23.11 $
(31.00 C$)
     -23.0 %
Gasoline (1 gallon) 4.25 $
(5.70 C$)
4.25 $
(5.70 C$)
     -0.0 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,000.00 $
(33,539.38 C$)
22,361.78 $
(30,000.00 C$)
     -10.6 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,558.80 $
(32,947.47 C$)
20,733.03 $
(27,814.91 C$)
     -15.6 %
Utilities (Monthly)
New York, NY Edit Toronto Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 169.15 $
(226.93 C$)
151.37 $
(203.07 C$)
     -10.5 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.10 $
(0.14 C$)
0.37 $
(0.50 C$)
     +256.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 72.75 $
(97.61 C$)
56.31 $
(75.54 C$)
     -22.6 %
Sports And Leisure
New York, NY Edit Toronto Edit
Fitness Club, Monthly Fee for 1 Adult 114.53 $
(153.65 C$)
48.21 $
(64.67 C$)
     -57.9 %
Tennis Court Rent (1 Hour on Weekend) 36.15 $
(48.50 C$)
19.14 $
(25.67 C$)
     -47.1 %
Cinema, International Release, 1 Seat 18.00 $
(24.15 C$)
11.18 $
(15.00 C$)
     -37.9 %
Childcare
New York, NY Edit Toronto Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,483.75 $
(3,332.14 C$)
1,081.25 $
(1,450.57 C$)
     -56.5 %
International Primary School, Yearly for 1 Child 43,333.33 $
(58,134.92 C$)
19,661.59 $
(26,377.50 C$)
     -54.6 %
Clothing And Shoes
New York, NY Edit Toronto Edit
1 Pair of Jeans (Levis 501 Or Similar) 66.90 $
(89.75 C$)
56.90 $
(76.33 C$)
     -15.0 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 53.48 $
(71.74 C$)
38.86 $
(52.13 C$)
     -27.3 %
1 Pair of Nike Running Shoes (Mid-Range) 98.48 $
(132.12 C$)
88.80 $
(119.13 C$)
     -9.8 %
1 Pair of Men Leather Business Shoes 155.54 $
(208.66 C$)
116.52 $
(156.32 C$)
     -25.1 %
Rent Per Month
New York, NY Edit Toronto Edit
Apartment (1 bedroom) in City Centre 3,778.58 $
(5,069.25 C$)
1,813.37 $
(2,432.77 C$)
     -52.0 %
Apartment (1 bedroom) Outside of Centre 2,550.66 $
(3,421.90 C$)
1,566.01 $
(2,100.92 C$)
     -38.6 %
Apartment (3 bedrooms) in City Centre 7,385.26 $
(9,907.89 C$)
2,988.40 $
(4,009.16 C$)
     -59.5 %
Apartment (3 bedrooms) Outside of Centre 4,169.97 $
(5,594.33 C$)
2,475.31 $
(3,320.82 C$)
     -40.6 %
Buy Apartment Price
New York, NY Edit Toronto Edit
Price per Square Feet to Buy Apartment in City Centre 1,425.99 $
(1,913.08 C$)
880.34 $
(1,181.04 C$)
     -38.3 %
Price per Square Feet to Buy Apartment Outside of Centre 907.27 $
(1,217.16 C$)
711.44 $
(954.45 C$)
     -21.6 %
Salaries And Financing
New York, NY Edit Toronto Edit
Average Monthly Net Salary (After Tax) 6,662.44 $
(8,938.16 C$)
3,370.71 $
(4,522.07 C$)
     -49.4 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.66 5.85      +3.3 %
Last update: June 2023June 2023
Contributors in the past 12 months:501854